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1973 oil crisis

Iraq nationalizes Iraq Petroleum Company's (IPC) concession

Thursday Jun 1, 1972
Iraq

Iraq nationalizes Iraq Petroleum Company's (IPC) concession owned by British Petroleum, Royal Dutch-Shell, Compagnie Francaise des Petroles, Mobil, and Standard Oil of New Jersey (now Exxon). The concessions were valued at over one billion dollars.


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